ECONOMIC ACTIVITY

ECONOMIC ACTIVITY

1. Needs

   • Primary
     • Water
     • Food
     • Possibility of rest
   • Secondary
     • Cover
     • Confort
     • Relationships

2. The main economic activities

   • Production
   • Distribution
   • Consume

3. Factors of production

   • Natural resources
     • Non-renewable resources
       • Oil
       • Iron ore
     • Renewable resources
       • Water
       • Wind
       • Fauna
       • Flora
   • Labour
     • Physical labour
     • Intellectual labour
   • Capital
     • Human capital
     • Physical capital
     • Financial capital

4. Economic agents

   • Households
   • Government
   • Businesses

5. Economic systems

   • Tradition-based
     • Relationship based in households
   • Capitalism and free market
     • Relationship between households and business
     • Government almost does not act
   • Authority
     • The government makes the decisions
   • Mixed
     • the three economic agents intervene

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